Joe Swash bankrupt
Wednesday, 4 November 2009
Joe Swash has been declared bankrupt.
The winner of last year's 'I'm A Celebrity... Get Me Out Of Here!' has jetted off to Australia - where he will present spin off show 'Get Me Out Of Here Now' during this year's series of the celebrity reality show - just as his bankruptcy was made official at London's High Court of Justice.
Joe's agent, Becca Barr, said: "Joe has not been around to sort this out. The bankruptcy should never have gone through. He's not in financial difficulty - he's fine.
"There was a tax issue which will be resolved immediately. Everyone has to pay tax and Joe knows he is no exception."
Joe, 27, originally owed the Inland Revenue £120,000 and paid off all but £20,000. The Official Receiver has now taken control of his assets.
A court source explained: "Joe has clearly made efforts to head off the bankruptcy but hasn't been able to find the full amount quickly enough. It means the Official Receiver is now in control of his money and his accounts will effectively be frozen.
They added: "The bankruptcy is purely down to tax debts - there are no other creditors listed on the petition."
Joe is currently appearing in two part reality documentary 'Pamela Anderson: At Home With Joe Swash' and 'Pamela Anderson: When Joe Came' with the former 'Baywatch' star.
'I'm A Celebrity... Get Me Out Of Here!', hosted by Geordie duo Ant and Dec, is set to start on November 15.
(C) BANG Media International
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